Allen & Overy – The definition of money purchase benefits is changing, and with it the rules on how schemes are required to deal with any benefit which becomes classified as ‘non-money purchase’. More information about these affected benefits can be found below. In broad terms, past treatment of affected benefits as money purchase will …
By Shayna Balch is a partner at Fisher & Phillips LLP, handling employers in employment and labor litigation matters before federal and state courts as well as before administrative agencies. This article was published by the Phoenix Business Journal on May 13, 2014. What you do and say outside of your place of employment …
Five Things You Do “After Work” That Can Get You Fired Read More »
Sidley Austin – On April 3, 2014, the Internal Revenue Service (the “IRS”) released an advance copy of Revenue Ruling 2014-9 providing two new examples of rollover due diligence procedures which, if followed, will allow a plan administrator to reasonably conclude that a potential rollover contribution is valid. Background In general, a potential rollover contribution …
IRS Issues New Examples of Valid Rollover Diligence Procedures Read More »
UK Law – Hogan Lovells – The applicant employer in Prophet plc v Huggett sold specialist computer software for use in the fresh produce industry. The defendant was employed by Prophet as its most senior sales manager. When he moved to a competitor his employer tried to enforce a post-termination restriction in his contract …
